Can I retire at age 72 with 14,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,107,534
2 years$588,682$577,719$567,093$556,791$546,798$506,186
3 years$388,557$377,546$366,947$356,741$346,911$307,705
4 years$288,513$277,536$267,043$257,012$247,420$209,919
5 years$228,503$217,592$207,237$197,410$188,085$152,387
6 years$188,509$177,680$167,478$157,870$148,825$114,958
7 years$159,953$149,215$139,175$129,794$121,035$88,991
8 years$138,546$127,905$118,031$108,881$100,410$70,162
9 years$121,905$111,364$101,660$92,742$84,560$56,069
10 years$108,600$98,162$88,630$79,945$72,049$45,267
11 years$97,721$87,388$78,028$69,576$61,965$36,837
12 years$88,662$78,435$69,248$61,027$53,697$30,163
13 years$81,002$70,882$61,869$53,878$46,825$24,821
14 years$74,442$64,430$55,589$47,827$41,047$20,506
15 years$68,762$58,858$50,190$42,653$36,141$16,996
16 years$63,797$54,001$45,504$38,191$31,941$14,124
17 years$59,421$49,733$41,407$34,315$28,321$11,763
18 years$55,535$45,955$37,799$30,924$25,182$9,813
19 years$52,063$42,591$34,603$27,943$22,445$8,199
20 years$48,941$39,578$31,757$25,308$20,048$6,859
21 years$46,120$36,865$29,211$22,968$17,941$5,744
22 years$43,560$34,412$26,922$20,883$16,082$4,814
23 years$41,225$32,185$24,858$19,019$14,436$4,037
24 years$39,088$30,155$22,989$17,346$12,975$3,388
25 years$37,125$28,299$21,293$15,842$11,676$2,844
26 years$35,316$26,597$19,748$14,485$10,517$2,389
27 years$33,644$25,031$18,338$13,258$9,482$2,007
28 years$32,094$23,586$17,047$12,147$8,556$1,687
29 years$30,654$22,251$15,864$11,139$7,726$1,418
30 years$29,312$21,014$14,777$10,223$6,981$1,193
31 years$28,059$19,865$13,776$9,389$6,311$1,003
32 years$26,887$18,796$12,853$8,629$5,709$844
33 years$25,788$17,800$12,001$7,935$5,167$710
34 years$24,756$16,871$11,213$7,301$4,678$597
35 years$23,785$16,002$10,483$6,721$4,237$502
36 years$22,871$15,188$9,807$6,190$3,839$423
37 years$22,007$14,425$9,179$5,703$3,479$356
38 years$21,191$13,709$8,596$5,257$3,154$299
39 years$20,419$13,036$8,053$4,847$2,860$252
40 years$19,687$12,402$7,548$4,471$2,594$212
41 years$18,993$11,806$7,078$4,125$2,354$178
42 years$18,333$11,244$6,639$3,807$2,136$150
43 years$17,706$10,713$6,230$3,514$1,938$126
44 years$17,109$10,212$5,848$3,245$1,759$106
45 years$16,540$9,738$5,491$2,996$1,597$90
46 years$15,998$9,289$5,157$2,768$1,450$75
47 years$15,480$8,865$4,845$2,557$1,317$63
48 years$14,985$8,463$4,553$2,363$1,196$53
49 years$14,512$8,081$4,280$2,184$1,086$45
50 years$14,059$7,720$4,024$2,018$987$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $14,400,000, adding $3,562 every year, while hoping to spend $41,203 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 39/38/23 Blend
71$14,400,000$14,400,000$14,400,000$14,400,000
72$15,872,474$15,109,274$14,886,074$16,382,782
73$17,447,627$15,805,789$15,340,918$17,448,656
74$19,182,064$16,535,052$15,809,618$18,596,285
75$21,091,990$17,298,624$16,292,595$19,836,408
76$23,195,258$18,098,143$16,790,283$21,177,455
77$25,511,545$18,935,322$17,303,127$22,628,670
78$28,062,529$19,811,959$17,831,589$24,200,199
79$30,872,101$20,729,939$18,376,141$25,903,171
80$33,966,586$21,691,237$18,937,272$27,749,805
81$37,374,992$22,697,922$19,515,486$29,753,513
82$41,129,287$23,752,166$20,111,300$31,929,021
83$45,264,693$24,856,241$20,725,248$34,292,502
84$49,820,029$26,012,533$21,357,880$36,861,719
85$54,838,066$27,223,542$22,009,763$39,656,187
86$60,365,939$28,491,886$22,681,481$42,697,347
87$66,455,588$29,820,312$23,373,634$46,008,759
88$73,164,250$31,211,699$24,086,842$49,616,316
89$80,554,996$32,669,065$24,821,745$53,548,482
90$88,697,331$34,195,574$25,578,998$57,836,544
91$97,667,844$35,794,542$26,359,279$62,514,903
92$107,550,935$37,469,446$27,163,287$67,621,385
93$118,439,613$39,223,932$27,991,739$73,197,586
94$130,436,368$41,061,819$28,845,377$79,289,253
95$143,654,143$42,987,114$29,724,963$85,946,707
96$158,217,400$45,004,016$30,631,283$93,225,298
97$174,263,290$47,116,928$31,565,146$101,185,920
98$191,942,954$49,330,466$32,527,387$109,895,568
99$211,422,945$51,649,469$33,518,865$119,427,957
100$232,886,803$54,079,010$34,540,464$129,864,201